I Read The News Today Oh Boy! 20-Mar-2018

Tuesday, Mar 20 2018 by
18

Morning all!

Gym ( GYM (LON:GYM) ) – 257p – £329.6m – PER 27.6

Results For The 12 Months To End December 2017 – Revenue £91.4m, up 24.3% (2016: £73.5m), Adjusted EPS up to 7.4p (2016: 5.6p), statutory PBT of £9.2m (2016: £6.9m), total Dividend to be 1.20p, 1.05p last time. 2018 started strong.

Not sure this impressive growth can be sustained although that’s the thought that’s kept me on the side-lines watching a 50% rise.

Judges Scientific ( Judges Scientific (LON:JDG) ) – 2180p – £133.9m – PER 17.2

Preliminary Results For The 12 Months To End December 2017 – Revenues up 24.6% to a record £71.4m (2016: £57.3m), statutory Operating Profit of £5.7m and EPS 65.6p, total Dividend 32p, up 16%, Cash of £10.7m, £7.9m last time.

Remains on my Watchlist at 1900p.

Mears ( Mears (LON:MER) ) – 365p – £378.0m – PER 10.3

Final Results For The 12 Months To End December 2017 – Don’t like the look of this, Revenue, PBT, EPS and the Order book all down on last year, circa 10% or so. Net Debt doubled (£25.8m).

Grenfell impact still being felt and still considered an unknown. I am staying away from this one for now.

NAHL ( NAHL (LON:NAH) ) – 173.7p – £80.1m – PER 8.77

Final Results For The 12 Months To End December 2017 – In-line, flat Revenue, PBT, EPS and Dividend down (though percentage wise it’s almost 10% per year). New year in-line.

Just don’t want to invest in what this company does plus these results are not exactly inspiring.

Mincon ( Mincon (LON:MCON) ) – 104p – £230.1m – PER 19.7

Results For The 12 Months To End December 2017 – Revenue up 28% from 76m Euro to 97m Euro with Operating Profit up 38% from 10m Euro to 14m Euro (Net Profit up 13% to 10.4m Euro). Another cash purchase this morning.

I keep avoiding buying in here for some reason or other (I think it’s the acquisitions, and there’s another one today!). Anyway, to maintain a more active…

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Blancco Technology Group Plc, formerly Regenersis Plc, is a provider of mobile device diagnostics and secure data erasure solutions. The Company's segments include Erasure and Diagnostics. The Erasure segment focuses on development and delivery of solutions, and includes Blancco, which provides erasure software; SafeIT, which is engaged in cloud and networked data erasure business, and Tabernus, which is engaged in providing software erasure products. The Diagnostic segment includes Xcaliber Technologies, a smartphone diagnostics software business. Its secure data erasure solutions include Blancco Management Console, Blancco Cloud, Blancco File, Blancco 5, Blancco Mobile Solutions, Enterprise Erase E800, Enterprise Erase E2400, Enterprise Erase Mobile and Ontrack Eraser Degausser. Its mobile diagnostics solutions include fault diagnostics, repair and program enablement. It serves manufacturers, financial institutions, healthcare providers and government organizations across the world. more »

LSE Price
124.5p
Change
 
Mkt Cap (£m)
92.8
P/E (fwd)
30.0
Yield (fwd)
n/a

NAHL Group plc is a United Kingdom-based company, which is engaged in consumer marketing business focusing on the United Kingdom legal services market. The Company's operating segments include Personal Injury, which is engaged in the provision of enquiries to the panel law firms, based on a cost plus margin model, plus commissions received from providers for the sale of additional products by them to the panel law firms; Conveyancing, which is engaged in the provision of online marketing services to target home buyers and sellers in England and Wales offering lead generation services to panel law firms and surveyors in the conveyancing sector and the provision of conveyancing searches for solicitors and licensed conveyancers; Critical Care, which is engaged in the provision of witness reports and case management support within the medico-legal framework for multi-track cases, and Other segments, which include activities related to the share-based payments. more »

LSE Price
123.25p
Change
3.6%
Mkt Cap (£m)
55.0
P/E (fwd)
7.1
Yield (fwd)
7.1

The Gym Group plc is a United Kingdom-based holding company. The Company provides health and fitness facilities. The Company operates approximately 90 gyms across the United Kingdom that are open around the clock. The Company offers gym memberships. Its subsidiaries include The Gym Group Midco1 Limited, The Gym Group Midco2 Limited, The Gym Group Operations Limited and The Gym Limited. more »

LSE Price
252p
Change
 
Mkt Cap (£m)
347.2
P/E (fwd)
19.3
Yield (fwd)
0.8



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8 Posts on this Thread show/hide all

MrContrarian 20th Mar '18 1 of 8
4

My morning smallcap tweet:

Lighthouse (LON:LGT), £AD4, Lidco (LON:LID), Pennant International (LON:PEN), Redt Energy (LON:RED), Air Partner (LON:AIR), NAHL (LON:NAH), Judges Scientific (LON:JDG)

Lighthouse Group (LGT) 2 yr renewal of contract with General Federation of Trade Unions. Highlights Lighthouse's capacity to deliver 'holistic financial planning solutions'. Ugh. I thought that word had been retired.
Adept4 (AD4) CFO leaves today, interim CFO starts today. "We thank Ian for his contribution to the business."
LiDCO Group (LID) Argon Medical Devices gives notice to terminate the distribution contract. "Given the timing of the termination and the low margin achieved, this is not expected to have a material impact on LiDCO's results for the year ending 31 January 2019. Furthermore, LiDCO is in discussions with a number of companies about other distribution opportunities to take advantage of its sales reach in the UK, which the company hopes will attract higher margins."
Pennant (PEN) The re-scoping of major UK Contract (as trailed in prelims) increases value by £3.5m to ~£12m. Also statement of intent from a major ME customer worth £10m. Hopes to say more in June.
redT Energy (RED) selected by a consortium of European companies to be the primary energy storage technology provider for a large scale tidal generation project in the UK. Will supply a 0.6MW, 3MWh redT flow machine.
Air Partner (AIR) wins contract for contract for Airfield Wildlife Control Services at 3 RAF bases in Scotland.
NAHL Group (NAH) FY trading in line, EPS ahead of expectations at 21.7p (27p). Consensus is 24.52p though. FY div cut to 15.9p (19.05p). Current trading in line. I hold.
Judges Scientific (JDG) FY rev up 25%, adj EPS up 56% to 131.9p. Results boosted by 'very favourable' exchange rates so this is not the new normal. Current trading in line.

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Beginner 20th Mar '18 2 of 8
5

Spaceandpeople (LON:SAL) announced the extension of its German contract to utilise shopping centre space for 12 months, though at a reduced spread. The last update in January stated that the company debt had been eradicated and the company had returned to profit. A dividend of 1.5p will be paid this year. By my reckoning we have PER of c8 and a yield of c4.5%. Is anyone else interested?

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andrea34l 20th Mar '18 3 of 8
2

The prelims out from Charter Court Financial Services (LON:CCFS) look pretty fab to me, with some significant rises in profit and eps, which has more than doubled to 35p making the CURRENT PER only 9! (BTW, I don't yet hold... but would be interested in any other opinion)

Continued strong balance sheet growth

·     Loan book growth principally driven by strong increase in buy-to-let and specialist residential mortgage origination volumes

Disciplined risk management

·     Diversified funding strategy in action

·     Successful implementation of dynamic funding strategy evident in the steady decline in blended cost of funds to 1.3% in 2017 (2016: 1.7%)

·     Retail savings deposit base up by 29% to £4.4 billion (2016: £3.4 billion)

·     Successful execution of two securitisation transactions totaling £597.3 million in 2017 (2016: £nil)

·     Improvement in net interest margin to 3.19% (2016: 3.08%) and net interest income up 65% to £144.1 million (2016: £87.3 million), driven by strong origination volumes and efficient funding strategy

·     Profit after tax up 118% to £81.3 million (2016: £37.3 million), attributable to the significant increase in net interest income and £17.7 million gain on the sale of loans (2016: £nil)

·     Significant improvement in return on equity to 28.6% (underlying: 30.4%) (2016: 18.7% (underlying: 19.3%))

Increasing operational efficiency

·     Cost income ratio down from 47.6% (underlying: 46.4%) in 2016 to 34.1% (underlying: 31.2%) in 2017 reflecting scalability of platform

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andrea34l 20th Mar '18 4 of 8
1

Oh, thanks for highlighting Miton (LON:MGR) results yesterday... I've taken the plunge, I think they are extremely good value compared to the likes of Jupiter Fund Management (LON:JUP) and Liontrust Asset Management (LON:LIO) with a very good outlook; I was reassured by a buy of 900k shares that went through later

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andrea34l 20th Mar '18 5 of 8
2

In reply to post #341823

I'm struggling to get interested in Spaceandpeople (LON:SAL) - they have shown improvement, but an interim profit of only 173k doesn't excite me and the German contract being renewed on a smaller scale than hoped and for a lesser timescale than hoped is disappointing I feel. The announcement has not brought out any buyers today... or sellers.

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Beginner 20th Mar '18 6 of 8
1

In reply to post #342118

The spread at c15% is a real deterrent, but a profit is a profit! The German contract is less of a disappointment than you suggest, as it was not expected to be renewed at all. These figures have been excluded from company and broker estimates.

This is not a screaming buy, and will not make you a millionaire; but if the improvements continue it should hit c50p, and maybe a wee bit more.

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matylda 20th Mar '18 7 of 8
1

In reply to post #342208

Well, it one bought about £700,000 worth and it went to 50p it would ;)

Blog: Briefed Up
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